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Lithium companies are looking beyond a recent price plunge, maintaining their interest in new projects to be offered in Chile, according to the country’s top mining official.
Prospective investors in the country with the largest lithium reserves appear to be taking a long term view, betting the market will tighten again in the shift away from fossil fuels. Prices of lithium — a key component in electric-vehicle batteries — have lost more than 40% since President Gabriel Boric announced in AprilLast month, executives from London-based Rio Tinto Group and China’s Tsingshan Holding Group Co.
Those questions are expected to be answered by the end of next month, with contracts defined by the end of June, said Williams. She spoke ahead of a trip to attend the PDAC mining convention in Toronto early next month, where authorities will hold meetings with prospective investors.
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